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Delegated Proof of Stake (DPoS) A succinct definition of Delegated Proof of Stake (DPoS) Delegated Proof of Stake (DPoS)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDELEGATED PROOF OF STAKE (DPOS)Copy linkShare on TwitterShare on FacebookShare on LinkedinDelegated Proof of Stake (DPoS)In Delegated Proof of Stake (DPoS), users vote in delegates, also known as validators, to verify and produce blocks. After successfully producing a block, validators may then distribute their bl…
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Exit Strategy A succinct definition of Exit Strategy Exit StrategyLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYEXIT STRATEGYCopy linkShare on TwitterShare on FacebookShare on LinkedinExit StrategyIn cryptocurrency trading, an exit strategy is a plan for selling or liquidating a position to achieve the best possible financial outcome. This strategy is crucial for managing risk and securing profits, and involves setting predetermined price levels at which to sell to lock in pro…
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Inter-Blockchain Communication Protocol (IBC) A succinct definition of Inter-Blockchain Communication Protocol (IBC) Inter-Blockchain Communication Protocol (IBC)Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYINTER-BLOCKCHAIN COMMUNICATION PROTOCOL (IBC)Copy linkShare on TwitterShare on FacebookShare on LinkedinInter-Blockchain Communication Protocol (IBC)Launched by the Interchain Foundation, the Inter-Blockchain Communication Protocol (IBC) is an open-source blockchain that e…
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Cryptographic Hash Function A succinct definition of Cryptographic Hash Function Cryptographic Hash FunctionLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCRYPTOGRAPHIC HASH FUNCTIONCopy linkShare on TwitterShare on FacebookShare on LinkedinCryptographic Hash FunctionA cryptographic hash function is an algorithm with a repeatable sequence of specific actions. This sequence is used to transform a variable-length arbitrary data string into a fixed-length format called a hash.For …
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Digital Asset A succinct definition of Digital Asset Digital AssetLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDIGITAL ASSETCopy linkShare on TwitterShare on FacebookShare on LinkedinDigital AssetA digital asset is any form of electronic data that has economic value and can be owned or controlled by an individual or organisation. These include cryptocurrencies, securities, tokens, art and collectibles, data, and intellectual property.Digital currencies like Bitcoin, Ethereum,…
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Multi-Signature Wallet A succinct definition of Multi-Signature Wallet Multi-Signature WalletLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMULTI-SIGNATURE WALLETCopy linkShare on TwitterShare on FacebookShare on LinkedinMulti-Signature WalletA multi-signature (multisig) wallet is a type of digital wallet that requires multiple private keys to authorise a transaction. This adds an extra layer of security by ensuring that no single person or entity has complete control over the …
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DEX Aggregator A succinct definition of DEX Aggregator DEX AggregatorLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDEX AGGREGATORCopy linkShare on TwitterShare on FacebookShare on LinkedinDEX AggregatorIn blockchain, a decentralised exchange (DEX) aggregator refers to a platform or service that simultaneously sources from multiple DEXs in order to achieve the best possible trading prices and liquidity for a trader’s transactions. DEX aggregators play a crucial role in enhanc…
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Mining Pool A succinct definition of Mining Pool Mining PoolLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMINING POOLCopy linkShare on TwitterShare on FacebookShare on LinkedinMining PoolA mining pool is the consolidation of computational power amongst a group of cryptocurrency miners (nodes) who work collectively to solve mathematical problems in order to better their chances of receiving rewards.In a mining pool, groups of miners have a much higher chance of solving the math…
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Merkle Root A succinct definition of Merkle Root Merkle RootLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYMERKLE ROOTCopy linkShare on TwitterShare on FacebookShare on LinkedinMerkle RootA Merkle tree (or hash tree) is a binary tree structure where each leaf node represents a hash of a block of data. The tree is built by hashing pairs of leaf nodes until there is only one hash left, which is the Merkle root.The Merkle root contributes to the security of the blockchain by allow…
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Oracle A succinct definition of Oracle OracleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYORACLECopy linkShare on TwitterShare on FacebookShare on LinkedinOracleAn oracle is a bridge that connects blockchain networks with external data sources or systems. While smart contracts are powerful tools for automating processes on the blockchain, they are typically unable to access data from outside their network. This limitation is where blockchain oracles come into play.Blockchain …
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